Anyone interested in CanWel Building Materials Group Ltd. (TSE:CWX) should probably be aware that the Independent Director, Ian Baskerville, recently divested CA$270k worth of shares in the company, at an average price of CA$5.35 each. That sale was 47% of their holding, so it does make us raise an eyebrow.
The Last 12 Months Of Insider Transactions At CanWel Building Materials Group
Notably, that recent sale by Ian Baskerville is the biggest insider sale of CanWel Building Materials Group shares that we’ve seen in the last year. So we know that an insider sold shares at around the present share price of CA$5.26. We generally don’t like to see insider selling, but the lower the sale price, the more it concerns us. We note that this sale took place at around the current price, so it isn’t a major concern, though it’s hardly a good sign.
In the last twelve months insiders purchased 140.66k shares for CA$671k. On the other hand they divested 122691 shares, for CA$593k. In total, CanWel Building Materials Group insiders bought more than they sold over the last year. You can see the insider transactions (by individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
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Does CanWel Building Materials Group Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it’s a good sign if insiders own a significant number of shares in the company. Our data indicates that CanWel Building Materials Group insiders own about CA$7.0m worth of shares (which is 1.7% of the company). Overall, this level of ownership isn’t that impressive, but it’s certainly better than nothing!
So What Do The CanWel Building Materials Group Insider Transactions Indicate?
Our data shows a little insider buying, but no selling, in the last three months. That said, the purchases were not large. On a brighter note, the transactions over the last year are encouraging. We’d like to see bigger individual holdings. However, we don’t see anything to make us think CanWel Building Materials Group insiders are doubting the company. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.
If you would prefer to check out another company — one with potentially superior financials — then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
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